Financial Ports

Borr Drilling exits Mexico JV but keeps rigs and $1bn contracts

CLAVE 1 / 4Borr Drilling sells 51% equity stake in Mexican joint venture Perfomex to local partner.

CLAVE 2 / 4Transaction leaves Borr with three jackup rigs (Galar, Gersemi, Njord) under bareboat charters.

CLAVE 3 / 4Contracts with Pemex run until 2030 for two rigs and 2028 for Njord, with extension options.

CLAVE 4 / 4Deal simplifies corporate structure and creates platform for future rig deployments in Mexico.

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